🔆 📖 ➕ 👤

Statutory Instruments

2020 No. 261

Income Tax

Capital Gains Tax

The Individual Savings Account (Amendment No. 2) Regulations 2020

Made

10th March 2020

Laid before House of Commons

12th March 2020

Coming into force

6th April 2020

The Treasury, in exercise of the powers conferred by section 151(1) and (2) of the Taxation of Chargeable Gains Act 1992( 1 ) and section 694(1) and (3) of the Income Tax (Trading and Other Income) Act 2005( 2 ), make the following Regulations.

Citation and commencement

1. These Regulations may be cited as the Individual Savings Account (Amendment No. 2) Regulations 2020 and come into force on 6th April 2020.

Amendment of the Individual Savings Account Regulations 1998

2.The Individual Savings Account Regulations 1998( 3 ) are amended as follows.

3. In regulation 4ZB(1) (subscriptions to a junior ISA account) for “£4,368” substitute “£9,000”.

Iain Stewart

David Rutley

Two of the Lord Commissioners of Her Majesty’s Treasury

10th March 2020

( 1 )

1992 c. 12 . Section 151(2) was amended by paragraph 436 of Schedule 1 to the Income Tax (Trading and Other Income) Act 2005 (c. 5) , section 40(6) of the Finance Act 2011 (c. 11) and section 27(2) of the Finance Act 2016 (c. 24) .

( 2 )

2005 c. 5 . Section 694 was amended by section 401 of the Finance Act 2011 (c. 11) .

( 3 )

S.I. 1998/1870 . Regulation 4ZB(1) was last amended by S.I. 2019/382 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Individual Savings Account (Amendment No. 2) Regulations 2020 (2020/261)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
Defined TermSection/ArticleIDScope of Application

Status of changes to instrument text

The list includes made instruments, both those in force and those yet to come into force. Typically, instruments that are not yet in force (hence their changes are not incorporated into the text above) are indicated by description 'not yet' in the changes made column.